Equity Remuneration Incentive Scheme (Start-Ups) - IRAS

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employees arising from the exercise of Tranche I stock options shall be liable to tax in full. 20
ANNEX 5 Dear QUALIFYING CRITERIA UNDER THE EQUITY REMUNERATION INCENTIVE SCHEME- (START-Ups)[ERIS (START-UPS)] Pursuant to the Employee Stock Option(ESOP)/Employee Share Ownership (ESOW)* Plan operated by , you have been granted on options/share awards* to acquire ordinary shares in the company at any time during at the price of per share. This is to confirm that on the date of the grant of the above mentioned options/shares*, the company has met the criteria to be a qualifying company and the company's ESOP/ESOW* Plan has met the conditions for an "ERIS (Start-Ups) Plan", as set out in IRAS' circular on " Equity Remuneration Incentive Scheme (ERIS (Start-Ups))" dated 1 August 2008. Given that you have / have confirmed to have* met the criteria as a qualifying employee, as defined in the same IRAS' circular, on the date of the grant of options/shares*, you will be able to enjoy the 75% income tax exemption on gains derived by you from the exercise of the options or grant of the share awards*. However, this is provided you have not already enjoyed the 75% income tax exemption on ESOP/ESOW gains exceeding $10 million over a period of 10 years commencing from the year the partial tax exemption was first enjoyed by you. You should retain this letter and upon request by the Comptroller of Income Tax, produce it to him for verification. Name, designation and signature of Authorized Personnel of company * Delete whichever is not applicable 21
Page 1 and 2: IRAS CIRCULAR EQUITY REMUNERATION I
Page 3 and 4: EQUITY REMUNERATION INCENTIVE SCHEM
Page 5 and 6: the SGX rules on ESOPs provide that
Page 7 and 8: time per week with that company amo
Page 9 and 10: 28. The company will not be allowed
Page 11 and 12: ENQUIRIES 41. Taxpayers who have an
Page 13 and 14: XYZ Company Pte Ltd Balance Sheet a
Page 15 and 16: Example 2 Mr Y is granted stock opt
Page 17 and 18: Computation of the amount of Mr F
Page 19: Example 2 Jill Company Ltd is incor

Equity Remuneration Incentive Scheme (Start-Ups) - IRAS

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